Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Comcast Corporation (CMCSA) Share Price
Headlines about Comcast Corporation (NASDAQ:CMCSA) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Comcast Corporation earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news articles about the cable giant an impact score of 46.4587324393198 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- The Comcast Corporation (CMCSA) Receives New Coverage from Analysts at TD Securities – ExpressNewsline (expressnewsline.com)
- Comcast Co-Leads Investment In TuneIn Online Radio – Seeking Alpha (seekingalpha.com)
- ETFs with exposure to Comcast Corp. : August 14, 2017 (finance.yahoo.com)
- Comcast launches gigabit service in its hometown (finance.yahoo.com)
- Comcast Corp (NASDAQ:CMCSA) Q4 2016 Sentiment (ismboard.com)
CMCSA has been the topic of a number of research analyst reports. Moffett Nathanson downgraded Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Tuesday, June 20th. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $42.00 to $46.00 in a report on Thursday, August 3rd. BidaskClub downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Argus lifted their price target on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.69.
Comcast Corporation (CMCSA) traded up 1.92% during mid-day trading on Monday, hitting $41.90. The stock had a trading volume of 18,477,558 shares. The stock’s 50-day moving average is $39.47 and its 200 day moving average is $38.77. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The company has a market capitalization of $197.49 billion, a P/E ratio of 21.11 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. Equities analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.
In other news, Director Kenneth J. Bacon sold 7,500 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the transaction, the director now owns 26,812 shares in the company, valued at approximately $1,085,886. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at approximately $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.
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About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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